Downtown Orlando high-rise apartment owner snags $70.5M of refinancing

CitiTowerin downtown orlando downtown orlando high-rise apartment owner snags $70.5M of refinancing The company behind CitiTower, a 25-story, 233-unit apartment building, got a 3- year bridge loan with interest-only payments through Asia Capital Real Estate December 23, 2018 12:OOPM THE REAL DEAL SOUTH FLORIDA REAL ESTATE NEWS

About The Mark at Sodo. Conveniently located 1 mile from Downtown Orlando and all of the local highways, minutes from Orlando’s famous theme parks and a quick Uber ride to Orlando nightlife and dining, Mark at Sodo is the best location to be for convenience and fun!

Steel House. An oasis like no other, steel house mid-rise Apartments boast a new, vibrant, and urban environment. Located in the North Quarter of downtown off of I-4 on West Colonial and North Orange Avenue, Steel House residents experience city life by being in the perfect location to some of the best restaurants, nightlife and entertainment Orlando has to offer.

Executive Q&A: Takeouts, Investment Sales to Fuel Mortgage Market Q Bank Unit 13. The partnership buys a $4 million property with the funds, making a down payment of $800,000 and financing the balance with a nonrecourse mortgage of $3.2 million. Subsequently, the partnership cannot meet the mortgage payment; the lender forecloses when the remaining mortgage balance is $3 million,Alternative Lenders Moving into the Mainstream – Urban Land Magazine H-E-B-Anchored Mixed-Use Development Headed For Kingwood HOUSTON – Locally based McNair Interests will develop a 1.2 million-sf luxury mixed-use development. The project will include residential units, a 350,000-sf Class A office tower, 30,000 sf of retail space, restaurants, green space, and a 150-r.Urban Land Magazine: alternative lenders increased their market share in the commercial real estate debt sector in 2018, panelists said at a ULI North Texas event in March. That trend is likely to continue this year as competition among all types of debt providers heats up capital markets.

The SR-50 apartments encompass apartments just outside of downtown Orlando as well. So, if you’d like to be close to the action, but not on top of it you’ll have that option. The apartments near Colonial Drive cater to the diverse population with apartments ranging in floor plan design, style, lease types, and number of bedrooms.

Downtown Orlando high-rise apartment owner snags $70.5M of refinancing December 23, 2018 12:00PM The owner of a one-year-old apartment building in downtown orlando borrowed .5 million to.

Advantages Of Construction Loans. – American Classic Construction Construction Loan Rates. Construction loans usually come with variable interest rates set to a certain percentage over the prime interest rate. For example, if the prime rate is 2.5% and your loan rate is prime-plus-2, then your interest rate would be 4.5%. If the prime rate changes during the life of your loan, your interest rate also adjusts.

Modera Central, a new 350 unit high-rise, broke ground at 150. E. Central Ave. in downtown Orlando Wednesday afternoon. The 22-story mixed-use tower will feature 1,2 and 3 bedroom units, an.

Downtown Orlando Case Study. Downtown Orlando includes over 40 commercial and residential development projects that have recently been completed or are in the works. The 246-unit Nora luxury apartment and mixed-use project in the Uptown District entered the market in 2015.

The Maintenance Fees in Buying a Condo vs. Renting an. – Maintenance fees can be a deterrent to buying a condo, but in an apartment, they’re rolled into the rent. In an apartment, though, the fees will pay for actual repairs to the unit, whereas condo owners will take care of most of those themselves.

The owner of a one-year-old apartment building in downtown orlando borrowed .5 million to refinance a construction loan. The three-year bridge loan has interest-only payments, a loan-to-value ratio.